Euro area private sector logged its strongest expansion in seven months in April as the relaxation of pandemic-related restrictions boosted services growth, final data from S&P Global showed on Wednesday. The S&P Global composite output index rose to 55.8 in April, in line with flash estimate, from 54.9 in March. The score signaled the strongest growth since September 2021. The services Purchasing Managers Index came in at an eight-month high of 57.7 in April, as estimated, from 55.6 a month ago. The sector gained strength after virus containment measures were relaxed.
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